Tag: cent
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Asian stocks sink, bonds struggle as oil spike stokes rate risks
SYDNEY, July 24 : Asian shares sank on Friday as a near 40 per cent rise in oil prices this month due to the intensifying conflict in the Gulf revived inflation fears, rattling bond markets and stoking rate hike expectations globally. European bourses, however, are headed for a steady open after losses a day
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Asian stocks skid as oil spike revives inflation fears, bonds take a hit
SYDNEY, July 24 : Asian shares fell on Friday as oil prices stormed back above $100 a barrel amid an intensifying conflict in the Gulf, rattling bond markets and reviving fears of a fresh inflation shock.Brent crude held at $100.85 a barrel, after surging 7 per cent overnight to a two-month high of $102 as…
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Oil set for weekly rise amid Red Sea shipping attacks, Kazakhstan output cuts
BEIJING, July 24 : Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut.Brent futures eased 72 cents, or 0.72 per cent, to $99
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Japan’s Nikkei falls more than 2% on AI spending worries
TOKYO, July 24 : Japan’s Nikkei share average fell more than 2 per cent on Friday, as a sharp decline in Google parent Alphabet shares spurred concerns about heavy AI spending.The Nikkei was down 2.69 per cent at 64,634.04 as of 0112 GMT, while the broader Topix slipped 1.28 per cent to 4,002.09.The Ni
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Intel forecast crushes estimates as AI boom boosts chip demand; shares jump
July 23 : Intel forecast quarterly profit and revenue above estimates on Thursday, pushing its shares up 10 per cent in after-hours trade, and boosted spending plans over the next two years as an AI data center buildout increases demand for its central processing units (CPUs). The company expects third-quarte
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Trading Day: Burn, baby, burn
ORLANDO, Florida, July 23 : European and U.S. stocks slumped while bond yields shot higher on Thursday, with global markets rocked by oil’s surge above $100 a barrel and earnings reports from two U.S. “Big Tech” companies that showed they are burning through cash at an alarming rate. If you have more time to
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Intel sales, profit forecast beat estimates; company boosts spending plans on AI boom
July 23 : Intel forecast quarterly profit and revenue above estimates on Thursday, pushing its shares up 12 per cent in after-hours trade, and boosted spending plans over the next two years as an AI data center buildout increases demand for its central processing units (CPUs). The company expects third-quarte
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Stocks sink on Big Tech cash burn; oil hits $100 for first time since May
July 23 : Oil prices spiked to $100 a barrel for the first time since May, major tech giants knocked U.S. stocks lower, and Europe’s borrowing costs spiked to long-term highs in an unsettling day across markets on Thursday. Brent crude jumped 6 per cent to $100.50 a barrel following attacks on tankers in the
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Infosys names insider Ashiss Kumar Dash next CEO, trims growth forecast
BENGALURU, July 23 : Infosys named company veteran Ashiss Kumar Dash as its next CEO on Thursday, tapping a three-decade insider to lead India’s No. 2 IT firm through an AI-driven upheaval reshaping the technology services industry.The succession plan was announced alongside a cut to the company’s annual reve
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Infosys names insider Ashiss Kumar Dash next CEO, trims annual growth forecast
BENGALURU, July 23 : Infosys named company veteran Ashiss Kumar Dash as its next CEO on Thursday, tapping a three-decade insider to lead India’s No. 2 IT firm through an AI-driven upheaval reshaping the technology services industry.Dash, who heads the company’s energy vertical, will take over in April 2027 fo
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